Rafale Fighter Jet Deal To Create Thousands Of Jobs. Find Out How

A decade after then defence minister AK Antony approved the Request for Proposal to buy 126 Medium Multi-Role Combat Aircraft, the Indian Air Force will get its first Rafale fighter jets in the next 33 months from French company Dassault Aviation. The 36 aircraft that the IAF will get will replace the ailing MiGs. The first plane will be delivered within three and half years, and the entire lot in five years. The 7.87 billion Euro agreement between India and France for the 36 Rafale fighter jets comes with a 50% offset clause which means that Indian companies will get business worth over 3 billion euros and generating thousands of jobs in India through offsets. This is reportedly the largest ever offset contract in India’s history. This clause is expected to boost indigenous defence production with transfer of technology, joint ventures with local partner firms, licensed production and even perhaps relocation of production lines in the long run.